NPS Assured Return Scheme: For the country’s tens of thousands of seniors, there is good news with the NPS Assured Return Scheme. Actually, the PFRDA, the pension regulator, would create the Minimum Assured Return Scheme (MARS) within the National Pension System (NPS). Retirees of this scheme will receive benefits. Tell us about this unique government initiative. Millions of investors in the nation will profit from the minimum assured return program that is being prepared under this initiative. It can be launched in the National Pension System (NPS) by 30 September only.
The scheme may start from 30th September
Supratim Bandyopadhyay, chair of the PFRDA, stated, “Right now, we’re working on the minimum guarantee return scheme. He said that PFRDA understands the impact of inflation and rupee depreciation on its investors and gives returns accordingly. At present, work is going on on the minimum return scheme in NPS, which will allow investors to get a huge amount. Bandopadhyay said that the minimum guarantee scheme can be started from 30 September.
How much return have you got so far?
Supratim Bandopadhyay has informed that in the last 13 years the National Pension Scheme has given returns to the investors at the rate of more than 10.27% per annum. In fact, to provide relief from rising inflation, efforts are being made to ensure strong returns to investors under NPS. With the advent of the Guaranteed Return Scheme, crores of people in the country will be benefited and the number of people applying for the National Pension will also increase rapidly.
Subscribers will become 20 lakhs
Now let’s talk about returns, then the chairman of PFRDA said that the size of pension assets is Rs 35 lakh crore, out of which 22 percent. total Rs 7.72 lakh crore is with NPS and 40 percent is with EPFO (Employees Provident Fund). organization). The maximum age of joining has now been reduced to 70 years, which has increased the number of subscribers significantly. From 3.41 lakhs to 9.76 lakhs subscribers, the total has now climbed.
Know what is NPS
On January 1st, 2004, the Central Government began requiring all of its employees to participate in NPS. Following this, NPS was implemented for employees in all states. After 2009, persons who worked in the business sector were also allowed to participate in this program. Employees can take some of their NPS after retirement, while the balance can purchase an annuity to get a regular income. Any person between the age of 18 to 70 years can take the National Pension Scheme.
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